YEIDA cancels land allotment to Sunworld & Supertech over pending dues

01 Jul 2024 CW Team

Additionally, YEIDA, which operates under the Uttar Pradesh government, has given developer ATS Realty until August 31 and Greenbay Infrastructure until July 31 to clear their dues. These amounts represent 25% of the total dues owed by the builders, allowing them to continue their projects per the recommendations of the Amitabh Kant Committee on legacy stalled projects.

The decision to cancel the land allotments was made during YEIDA's 81st board meeting held at its Greater Noida office, chaired by YEIDA Chairman Anil Kumar Sagar. Following the meeting, YEIDA Arun Vir Singh, CEO stated, "ATS Group had some funds in its escrow account which were not initially included in our tally but have now been accounted for. They (ATS) have been given time until August 31 to clear the dues."

Singh added, "There are six allottees that have fully paid their dues. However, Sunworld and Supertech have not paid their dues. Therefore, a decision has been taken to cancel their land allocations, while considering the interests of the buyers with third-party rights in these projects."

The cancelled land parcels in Sector 22D are close to the upcoming Noida International Airport and the proposed International Film City. Greenbay Infrastructure has deposited Rs 920 million and has until July 31 to pay the remaining Rs 70 million. ATS Realty has deposited Rs 50 million and has until August 31 to settle the remaining dues.

Other developers have also made payments within the stipulated time period: Omnis Developers deposited Rs 95.4 million, Logix Buildstate cleared Rs 620 million, Ajay Realcon cleared Rs 21.2 billion, and Starcity Developers cleared Rs 33.8 million. Singh noted that some developers with pending dues have projects in insolvency proceedings or have cases pending in various courts. (Source: ET)

The Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled the allotment of land parcels to Sunworld Infrastructure and Supertech Township near the upcoming Noida International Airport and the proposed Film City due to pending dues. Both real estate developers were allocated approximately 100 acres in Sector 22D along the Yamuna Expressway. Sunworld Infrastructure owed Rs 1.64 billion, while Supertech Township had outstanding dues of Rs 1.37 billion, according to YEIDA. Additionally, YEIDA, which operates under the Uttar Pradesh government, has given developer ATS Realty until August 31 and Greenbay Infrastructure until July 31 to clear their dues. These amounts represent 25% of the total dues owed by the builders, allowing them to continue their projects per the recommendations of the Amitabh Kant Committee on legacy stalled projects. The decision to cancel the land allotments was made during YEIDA's 81st board meeting held at its Greater Noida office, chaired by YEIDA Chairman Anil Kumar Sagar. Following the meeting, YEIDA Arun Vir Singh, CEO stated, ATS Group had some funds in its escrow account which were not initially included in our tally but have now been accounted for. They (ATS) have been given time until August 31 to clear the dues. Singh added, There are six allottees that have fully paid their dues. However, Sunworld and Supertech have not paid their dues. Therefore, a decision has been taken to cancel their land allocations, while considering the interests of the buyers with third-party rights in these projects. The cancelled land parcels in Sector 22D are close to the upcoming Noida International Airport and the proposed International Film City. Greenbay Infrastructure has deposited Rs 920 million and has until July 31 to pay the remaining Rs 70 million. ATS Realty has deposited Rs 50 million and has until August 31 to settle the remaining dues. Other developers have also made payments within the stipulated time period: Omnis Developers deposited Rs 95.4 million, Logix Buildstate cleared Rs 620 million, Ajay Realcon cleared Rs 21.2 billion, and Starcity Developers cleared Rs 33.8 million. Singh noted that some developers with pending dues have projects in insolvency proceedings or have cases pending in various courts. (Source: ET)

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..